California Launches State Crypto Oversight With July 1 Deadline
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California has implemented the Digital Financial Assets Law (DFAL) to license and regulate crypto firms, with applications starting March 9 and a deadline for compliance set for July 1, 2026. The DFAL requires companies to maintain reserves, disclose information, and enforce $1K ATM crypto limits.
- California rolls out DFAL to license and oversee crypto firms statewide.
- As of March 9, companies can apply for a DFAL license, with a deadline of July 1, 2026.
- DFAL mandates reserves, disclosures, and strict $1K ATM crypto limits.
California has begun rolling out its Digital Financial Assets Law (DFAL), one of the most comprehensive state-level crypto regulatory frameworks in the United States. It gives regulators the power to license and supervise companies that offer crypto services to Californians, with a final deadline to get licensed by July 1, 2026.
Starting March 9, 2026, companies can apply for a DFAL license through the national licensing system. Officials recommend that businesses check the requirements and join a training session on March 23 to get ready.
The Digital Financial Assets Law, signed back in 2023, is now transitioning into active implemen…
Read The Full Article California Launches State Crypto Oversight With July 1 Deadline On Coin Edition.
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California Launches State Crypto Oversight With July 1 Deadline
Share:
California has implemented the Digital Financial Assets Law (DFAL) to license and regulate crypto firms, with applications starting March 9 and a deadline for compliance set for July 1, 2026. The DFAL requires companies to maintain reserves, disclose information, and enforce $1K ATM crypto limits.
- California rolls out DFAL to license and oversee crypto firms statewide.
- As of March 9, companies can apply for a DFAL license, with a deadline of July 1, 2026.
- DFAL mandates reserves, disclosures, and strict $1K ATM crypto limits.
California has begun rolling out its Digital Financial Assets Law (DFAL), one of the most comprehensive state-level crypto regulatory frameworks in the United States. It gives regulators the power to license and supervise companies that offer crypto services to Californians, with a final deadline to get licensed by July 1, 2026.
Starting March 9, 2026, companies can apply for a DFAL license through the national licensing system. Officials recommend that businesses check the requirements and join a training session on March 23 to get ready.
The Digital Financial Assets Law, signed back in 2023, is now transitioning into active implemen…
Read The Full Article California Launches State Crypto Oversight With July 1 Deadline On Coin Edition.
In This News
Share:
In This News
Share:
Read More
Ripple CEO Predicts 80% Chance of CLARITY Act Passing by April